US Congress Calls for Investigation of Venezuela's PDVSA - Russia's Rosneft Deal Over Citgo in USAJeff Duncan

Jeff Duncan,  House Foreign Affairs
Committee Chairman

After an investigation by the Latin American Herald Tribune and testimony by LAHT editor Russ Dallen before the House Foreign Affairs Committee on March 28, Chairman Jeff Duncan and Ranking Member Albio Sires of the House Committee on Foreign Affairs Subcommittee on the Western Hemisphere today called on the U.S. Department of the Treasury to give immediate attention to a potential threat to critical U.S. energy infrastructure as a result of a recent asset transfer between Venezuela’s PDVSA and Russia’s Rosneft of PDVSA’s U.S.-based subsidiary Citgo. “The United States has a clear national interest in achieving energy independence," said Chairman Duncan, of the bipartisan call for a CFIUS investigation. "The recent loan agreement between Russia and Venezuela involving Citgo refineries, pipelines, and terminals presents a clear threat to U.S. energy security." More…